Financial Advice

T. Chester

Financial Advice for My Son (and JPL/CIT Employees) was written in 1989 to give my son all that I learned about investing after I
researched the subject. I added some specific information
for JPL and Caltech employees. Since I wrote that up, I acquired another son and will
have to update the title when I update the rest of it! Thus please be aware that some
specifics given in that document are therefore dated. The general advice is certainly
still correct, since these principles haven't changed for decades.

NOTE: The glossary is not yet present, but if you wish to email me any word you want defined, I'll start adding words to it and email you the definition.

Expected Return
of the S&P 500 stocks over the next 5-30 years. This is very
current information about the negative expected
return from stocks in the next decade, due to the current high levels
of large capitalization stocks.

DISCLAIMER: These documents were written for my son, and I threw in some specific
information for JPL/CIT employees on the investment options available to them. I take
no responsibility or liability for anyone following this advice.

I apologize for putting in such a stupid statement as the above disclaimer. It was only necessary due to the incredible mess that lawyers have gotten
our society into. I'll be posting some specifics on how (some) lawyers make us all poorer
and how (some) lawyers have made our society a significantly worse place in which
to live, in their quest to make a dollar.